I think this was very badly done and feel for buyers at 5.1 cent the day before the announcement.
Placement is for 40m shares only (approx 10% of issued shares) and being offered to clients of one broker and therefore will be difficult for shareholders and outsiders to acquire at 4 cents. This is the reason they are trading at 4.3 and not the 4 cents placement price.
If it were done as a rights issue to existing shareholders on a 1:10 basis with shareholders given the opportunity to take up shortfall they would probably be trading well over 5 cents as the price would have been driven up with investors chasing rights.
Von.
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I think this was very badly done and feel for buyers at 5.1 cent...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 4616 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 0.140 |
1 | 7400 | 0.135 |
4 | 135286 | 0.130 |
2 | 25576 | 0.125 |
2 | 90833 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 4616 | 1 |
0.170 | 111060 | 3 |
0.175 | 11067 | 2 |
0.185 | 8430 | 1 |
0.190 | 7548 | 1 |
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